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Robert Kiyosaki: A Biography
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So his first venture in business was not as successful as only one could hope and dream, but none the less, experience is valuable, as the knowledge derived from it can be the deciding factor the next time around. And so Robert Kiyosaki continued his journey of an entrepreneur, continuing to venture off in new businesses and investment opportunities.

The next business was almost similar in nature due to the targeted consumer as Robert Kiyosaki’s attention shifted from Surfers and their wallets, to Rockers and their favourite heavy metal band t-shirts. For a while, as Robert Kiyosaki stated in an interview with www.thestreet.com, his heavy metal and hardcore band t-shirt licensing business was highly successful(3). Robert Kiyosaki experienced financial success in the mid nineteen eighties with his second business venture in the rock music merchandise licensing. But with a change of trends, like a wave reclining back into the ocean, the mainstream turned away from the heavy metal and hardcore bands and began listening to different, softer music. So as Robert Kiyosaki admits in the same interview with www.thestreet.com, his heavy metal t-shirt licensing business went “belly up” in 1985. This left him broke, bankrupt and definitely in a bad place as it even left him homeless.

Although, something else was happening at the time to cause such a downfall as leaving Robert Kiyosaki homeless, something more than just his business going bankrupt. While his heavy metal t-shirt business was doing well, Robert Kiyosaki was also investing in different real estate projects, as well as playing the stock market. It is estimated that he owed approximately $850 000 (5) to the banks. As Robert Kiyosaki once said, and told well for that matter, “Obviously, you can’t pay that kind of money back by getting a job” (5). That proved to be rock bottom for Robert Kiyosaki because he would never sink so low again. In fact he would crawl out of the dimly lit pit of bankruptcy with enough knowledge and experience to make sure that he would not be found down in another one. Furthermore, Robert Kiyosaki would go on to help people and educate them on how to completely avoid the pit of bankruptcy, and even achieve financial success.


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